Analysts Issue Forecasts for KKR & Co. L.P.’s FY2016 Earnings (KKR)

KKR & Co. L.P. (NYSE:KKR) – Jefferies Group increased their FY2016 earnings per share (EPS) estimates for KKR & Co. L.P. in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. O’hara now expects that the brokerage will earn $0.65 per share for the year, up from their previous forecast of $0.60. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s Q4 2016 earnings at $0.49 EPS, Q1 2017 earnings at $0.53 EPS, Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.56 EPS and Q4 2017 earnings at $0.57 EPS.

KKR & Co. L.P. (NYSE:KKR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.18. The company earned $576.76 million during the quarter, compared to analyst estimates of $271.50 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. KKR & Co. L.P.’s revenue for the quarter was up 125.4% on a year-over-year basis.

KKR has been the topic of a number of other reports. Barclays PLC set a $17.00 target price on KKR & Co. L.P. and gave the stock a “buy” rating in a report on Tuesday, August 9th. Vetr upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating and set a $17.38 target price on the stock in a report on Wednesday, July 27th. Credit Suisse Group AG reiterated a “buy” rating and issued a $16.00 target price on shares of KKR & Co. L.P. in a report on Wednesday, July 27th. Zacks Investment Research upgraded KKR & Co. L.P. from a “strong sell” rating to a “hold” rating in a report on Friday, July 29th. Finally, Wells Fargo & Co. reiterated a “buy” rating and issued a $16.00 target price on shares of KKR & Co. L.P. in a report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. KKR & Co. L.P. presently has an average rating of “Buy” and an average target price of $17.88.

KKR & Co. L.P. (NYSE:KKR) opened at 13.77 on Wednesday. KKR & Co. L.P. has a 12-month low of $10.89 and a 12-month high of $19.20. The firm’s market capitalization is $6.13 billion. The firm has a 50 day moving average of $14.47 and a 200 day moving average of $13.83.

Large investors have recently made changes to their positions in the company. Linscomb & Williams Inc. raised its stake in shares of KKR & Co. L.P. by 0.4% in the second quarter. Linscomb & Williams Inc. now owns 15,956 shares of the company’s stock valued at $197,000 after buying an additional 69 shares during the period. Compton Capital Management Inc. RI raised its stake in shares of KKR & Co. L.P. by 0.6% in the second quarter. Compton Capital Management Inc. RI now owns 16,700 shares of the company’s stock valued at $206,000 after buying an additional 100 shares during the period. BlackRock Fund Advisors raised its stake in shares of KKR & Co. L.P. by 1.0% in the first quarter. BlackRock Fund Advisors now owns 14,725 shares of the company’s stock valued at $216,000 after buying an additional 140 shares during the period. Sigma Planning Corp raised its stake in shares of KKR & Co. L.P. by 1.6% in the second quarter. Sigma Planning Corp now owns 17,300 shares of the company’s stock valued at $213,000 after buying an additional 272 shares during the period. Finally, Hollencrest Securities LLC raised its stake in shares of KKR & Co. L.P. by 3.0% in the third quarter. Hollencrest Securities LLC now owns 18,317 shares of the company’s stock valued at $261,000 after buying an additional 531 shares during the period.

In other news, Director Robert W. Scully sold 168,400 shares of KKR & Co. L.P. stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $14.22, for a total transaction of $2,394,648.00. Following the sale, the director now directly owns 43,276 shares in the company, valued at approximately $615,384.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

KKR & Co. L.P. Company Profile

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.